Research opportunities in auditing in the European Union

Developments in the European Union (EU) that are relevant for audit research are discussed. An overview of audit market issues in Europe is provided. Topics that will be prominent in future discussions about the auditing profession in Europe are illustrated. The greatest need is for research investigating how different economies, cultures and financial environments affect audit issues. Important questions include: 1. What should be the likely scope of practice for auditors? 2. Which activities are compatible with the statutory audit function? 3. Why are there differences among Member States, and what advantages and disadvantages result from such differences?